(Answered) Topic 1 contingencieswhen examining financial statements a

Finance

Topic 1: Contingencies

When examining financial statements, a note that describes contingencies should be reviewed closely for possible significant liabilities that are not disclosed on the face of the balance sheet. Do you agree or disagree? Why?

Topic 2: Operating Income

How does operating income differ from net income? How do operating assets differ from total assets? What is the advantage in removing non-operating items from the DuPont analysis?

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